Finance

File photo

Tofino’s new council approves wage increase

Tofino’s recently elected council will be its most expensive one yet

 

The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada lost $522 million in third quarter, marking first loss in its history

Assets did not keep pace with interest charges on deposits at the bank

 

British Columbia Finance Minister Selina Robinson speaks during the official opening of the Canadian Cancer Society Centre for Cancer Prevention and Support, in Vancouver, on Wednesday, November 10, 2021. THE CANADIAN PRESS/Darryl Dyck

B.C. forecasts surplus of $5.7 billion, but ‘shock rebound’ may not last: minister

Much of the added surplus comes from higher personal and corporate income tax revenue

 

Deputy Prime Minister and Minister of Finance Chrystia Freeland pauses while responding to questions during the second day of a Liberal cabinet retreat, in Vancouver, on Wednesday, September 7, 2022. THE CANADIAN PRESS/Darryl Dyck

As Canada faces potential recession, Freeland to give fall economic statement

Finance minister has already warned not to expect big money to help Canadians cope

Deputy Prime Minister and Minister of Finance Chrystia Freeland pauses while responding to questions during the second day of a Liberal cabinet retreat, in Vancouver, on Wednesday, September 7, 2022. THE CANADIAN PRESS/Darryl Dyck
(Black Press Media Creative)

British pound drops to an all-new low

The British pound has dropped to an all-time low, following a promise…

(Black Press Media Creative)
Falling Canadian dollar coins are pictured in North Vancouver, B.C. Wednesday, May 29, 2019. The Canadian dollar is sliding again a day after the U.S. Federal Reserve raised its key interest rate.THE CANADIAN PRESS/Jonathan Hayward

Canadian dollar slides as investors retreat to U.S. dollars

loonie slipped under 75 cents US earlier this week

Falling Canadian dollar coins are pictured in North Vancouver, B.C. Wednesday, May 29, 2019. The Canadian dollar is sliding again a day after the U.S. Federal Reserve raised its key interest rate.THE CANADIAN PRESS/Jonathan Hayward
The Bank of Canada is pictured in Ottawa on Tuesday Sept. 6, 2022. The Bank of Canada is expected to announce it will be raising its key interest rate today, making it the fifth consecutive increase this year. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada raises key interest rate by 0.75%, says rates likely need to go higher

Expected lift brings the bank’s key rate target to 3.25 per cent

The Bank of Canada is pictured in Ottawa on Tuesday Sept. 6, 2022. The Bank of Canada is expected to announce it will be raising its key interest rate today, making it the fifth consecutive increase this year. THE CANADIAN PRESS/Sean Kilpatrick
Almost $400,000 is coming into our region for arts and sports organizations through the latest round of Community Gaming Grants. Photo by Mike Davies/Campbell River Mirror

Weston: Why is money so confusing?

Tips on how to get you and your money speaking the same language

Almost $400,000 is coming into our region for arts and sports organizations through the latest round of Community Gaming Grants. Photo by Mike Davies/Campbell River Mirror
FILE - The gas storage plant Reckrod is pictured near Eiterfeld, central Germany, on July 14, 2022, after the Nord Stream 1 pipeline was shut down due to maintenance. The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a one-to-one exchange rate with the U.S. currency. The euro is falling as fears of a recession grow due to Russia restricting natural gas supplies. (AP Photo/Michael Probst)

Euro falls below parity with US dollar, what does it mean?

Who wins and who loses as EEC falls below value of US dollar for first time in two decades

FILE - The gas storage plant Reckrod is pictured near Eiterfeld, central Germany, on July 14, 2022, after the Nord Stream 1 pipeline was shut down due to maintenance. The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a one-to-one exchange rate with the U.S. currency. The euro is falling as fears of a recession grow due to Russia restricting natural gas supplies. (AP Photo/Michael Probst)
A Canadian dollar coin is pictured in North Vancouver, B.C. Wednesday, May 29, 2019. The loonie hit a 20-month low today, one day after the Bank of Canada announced its largest interest rate hike since 1998. THE CANADIAN PRESS/Jonathan Hayward

Bank of Canada rate hike contributes to loonie falling to a 20-month low

Canadian dollar dropped to a low of 75.62 cents US

A Canadian dollar coin is pictured in North Vancouver, B.C. Wednesday, May 29, 2019. The loonie hit a 20-month low today, one day after the Bank of Canada announced its largest interest rate hike since 1998. THE CANADIAN PRESS/Jonathan Hayward
Canadian loonie coins are pictured in Vancouver, Sept. 22, 2011. Money is still considered a taboo topic or private matter, which is why many people avoid sparking up conversations about their personal finances with friends, colleagues and even family. THE CANADIAN PRESS/Jonathan Hayward

Start talking to your kids about money at an early age, experts say

Early money talk will help them develop a healthy relationship with their own finances one day

Canadian loonie coins are pictured in Vancouver, Sept. 22, 2011. Money is still considered a taboo topic or private matter, which is why many people avoid sparking up conversations about their personal finances with friends, colleagues and even family. THE CANADIAN PRESS/Jonathan Hayward
The Bank of Canada building is seen on Wellington Street in Ottawa, on Tuesday, May 31, 2022. The Bank of Canada will outline what it sees as the key vulnerabilities and risks to Canada’s financial system later this morning. THE CANADIAN PRESS/Justin Tang

Bank of Canada says household debt and home prices key risks for financial system

Households have seen net worth increase of about $230,000 over the first two years of the pandemic

The Bank of Canada building is seen on Wellington Street in Ottawa, on Tuesday, May 31, 2022. The Bank of Canada will outline what it sees as the key vulnerabilities and risks to Canada’s financial system later this morning. THE CANADIAN PRESS/Justin Tang
A woman uses her computer keyboard in North Vancouver, B.C., on December 19, 2012. Canada’s financial intelligence agency is warning that unregistered cash-transfer services are ripe for abuse by criminals trying to launder money and fund terrorist activities.THE CANADIAN PRESS/Jonathan Hayward

Financial intelligence agency highlights criminal risks of underground banking

Many Canadians use money services operating outside conventional banking system to send cash abroad

A woman uses her computer keyboard in North Vancouver, B.C., on December 19, 2012. Canada’s financial intelligence agency is warning that unregistered cash-transfer services are ripe for abuse by criminals trying to launder money and fund terrorist activities.THE CANADIAN PRESS/Jonathan Hayward
Governor of the Bank of Canada, Tiff Macklem, and Senior Deputy Governor Carolyn Rogers appear before the House of Commons Standing Committee on Finance, in Ottawa on Monday, April 25, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Key interest rate could soon go up another half point, central bank says

‘The economy needs higher rates and can handle them’

Governor of the Bank of Canada, Tiff Macklem, and Senior Deputy Governor Carolyn Rogers appear before the House of Commons Standing Committee on Finance, in Ottawa on Monday, April 25, 2022. THE CANADIAN PRESS/Sean Kilpatrick
Liberal Leader Justin Trudeau and NDP Leader Jagmeet Singh take part in the federal election English-language Leaders debate in Gatineau, Que., on Thursday, Sept. 9, 2021. THE CANADIAN PRESS/Adrian Wyld

Federal budget the first important moment for NDP-Liberal pact, says finance critic

NDP looking to see how far Liberals are moving forward on pledges made in the deal

Liberal Leader Justin Trudeau and NDP Leader Jagmeet Singh take part in the federal election English-language Leaders debate in Gatineau, Que., on Thursday, Sept. 9, 2021. THE CANADIAN PRESS/Adrian Wyld
The District of Tofino is celebrating the successful hiring of three new staffers for its Community Children’s Centre. (File photo)

Tofino scores 3 new childcare workers through offer of free tuition, housing

District takes unique approach to address childcare resource crunch

The District of Tofino is celebrating the successful hiring of three new staffers for its Community Children’s Centre. (File photo)
(Westerly file photo)

More than a year past deadline, Tofino still pumping raw sewage into the ocean

District taking another kick at the can to secure funding for a wastewater treatment plant

(Westerly file photo)
Perch aims to empower Canadians to make informed real estate decisions and help them unlock their wealth-building potential, says Alex Leduc, Perch Founder.

Toronto proptech Perch releases innovative Pathfinder tool that makes finding a mortgage as easy as 1-2-3

Shopping for a mortgage can be a daunting task for many, but…

  • Feb 28, 2022
Perch aims to empower Canadians to make informed real estate decisions and help them unlock their wealth-building potential, says Alex Leduc, Perch Founder.
View Royal council has approved a bylaw amendment formalizing changes to the 2021 financial plan, including additional grants-in-aid, sewage treatment costs and site prep work for an upcoming new park. (Courtesy Town of View Royal)

View Royal adds additional grants, expenditures to financial plan

Extra expenditures being funded out of the town’s surplus accounts

View Royal council has approved a bylaw amendment formalizing changes to the 2021 financial plan, including additional grants-in-aid, sewage treatment costs and site prep work for an upcoming new park. (Courtesy Town of View Royal)
Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. If you haven’t shopped for a credit card in a while, you may see some unfamiliar names in the offerings. THE CANADIAN PRESS/Ryan Remiorz

Fintechs looking to break into credit card market dominated by big banks

Startups have to be creative with rewards because they can’t offer the big sign-up bonuses of the big banks

Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. If you haven’t shopped for a credit card in a while, you may see some unfamiliar names in the offerings. THE CANADIAN PRESS/Ryan Remiorz